Grab said to be in talks to buy Singapore fintech firm Atome

Grab Holdings, the Southeast Asia's largest ride-hailing and food-delivery company, is reportedly in negotiations to acquire a majority stake in Singapore-based buy-now-pay-later platform Atome Financial, according to sources familiar with the matter. The potential deal could value Atome at over US$2 billion, the sources said, declining to be identified due to the confidential nature of the discussions.

The talks are ongoing and no final decisions have been reached, they added. Neither Grab, Atome Financial nor Advance Intelligence Group, Atome's parent company, have commented on the matter.

Grab, a publicly listed company, has seen its shares decline by 39 percent this year, reducing its market value to US$12.4 billion. The firm is actively seeking growth through both organic expansion and strategic acquisitions. In recent months, Grab has made significant investments, purchasing Stash Financial in the US for US$425 million and Foodpanda's Taiwan operations from Delivery Hero for US$600 million.

Earlier this month, the company raised its annual earnings and sales forecasts, indicating that strong demand from commuters is offsetting the impact of higher fuel prices caused by the Middle East conflict.

Atome, meaning "Available to me," provides consumers with flexible payment options at both online and offline retailers in sectors such as fashion, beauty, lifestyle, travel, fitness and homeware. The company's revenue grew by 80 percent to US$470 million in 2025, leading to its second consecutive annual profit before taxes. Atome's owner, Advance Intelligence Group, is backed by investors including SoftBank Vision Fund 2 and Warburg Pincus.